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Cochin Shipyard's shares soar after securing a major defense contract, despite recent market volatility.
Cochin Shipyard's shares surged after winning a Rs 1,000 crore contract from India's Ministry of Defence for a naval vessel refit.
The company reported a 4% increase in net profit and a 13% rise in revenue in the latest quarter.
Despite recent gains, shares have fallen 42% from their peak, erasing nearly 18% of investor wealth in six months.
Cochin Shipyard's shares are up 131% in 2024.
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Las acciones de Cochin Shipyard se elevan después de asegurar un importante contrato de defensa, a pesar de la reciente volatilidad del mercado.